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March 2018

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The ONGC Mangalore Petrochemicals Ltd (OMPL) will be supplying Paraxylene (PX) to the upcoming Purified Terephthalic Acid (PTA) plant by JBF Petrochemicals, a subsidiary of JBF Industries, at Mangalore, Karnataka for a period of ten years or more, according to a statement filed by JBF Industries with the BSE.

JBF Petrochemicals has entered into an agreement with OMPL for the assurance of the supply of raw material (PX) to its upcoming PTA plant for a long term – of minimum ten years, which can be extended with mutual consent.

PX will be supplied by a pipeline of 3 km length for the production of around 1.25 million tonnes of PTA in a year.

Around 114 acres of land has been allotted for this project. The total estimated cost for this entire project is $677 million.

This project is one of the largest of its kind in the country, according to the company website. (MCJ)